Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
basically means it needs to get done this is it, no more delays, in philip manduca we trust
what I find absultely digusting is that tom wini has being lieing to the market 2 sources saying placing is coming to cover running costs, like hell it is. "We currently have no plans to procure additional funding in order to commence production nor to cover existing overheads."
I agree annoying the wait but it is AIM and things have a habbit of taking longer. Probably less than a month before funding gets announced and if they do pull it off then it is show time. Philip Manduca seems like a very credible guy pursuing the best deal for shareholders so I would be shocked if they did not have funding in the bag soon. If they do pull it off this month then 4.5p will look incredibly cheap.
so tom wini and gang have basically completely lied to the market? "We currently have no plans to procure additional funding in order to commence production nor to cover existing overheads."
they have exteneded both Mothae and Loan facility further which means they are no longer any issue for the company and funding will be signed before then. As phlip manduca said they will probably sign it off before the end of the month.
by the 14 days we should have the funding rns/mothae however in the video philip manduca did say before the end of the month.
'Extension of the £500,000 loan facility due on 30 September until 14 October to ensure that financing contracts can be properly concluded'
it can be extended another 7 days
let us see after the 7-14 day extension. in interview philip manduca said mothae and funding will be sealed by the end of the month.
errrrr more buys than sells lol the apparent large buys for no reason....hmmmmmmmm.....
what we need now is a firm rns stating funding is signed and mothae is signed then all un-certainty goes.
Once funding does get announced (or if for the pessimists) then the market will have to take notice, production will be starting within Q1 on two mines and one of which is Mothae a proven resource. To start in Q1 is a very short time indeed, compare to other miners that have production dates set for 1 year or 2 years.
yeyeye atleast I do not blantently lie and give false information.
haha keep lieing mate. you are fool lieing about having inside information and lieing about a placing. you are a walking contradication saying PRG was over-valued with just lemphane but then has a holding in CEB that has NO assets. Sort yourself out.
Stop lying quindell haha you said you had inside information and you also said massive dliution was coming. and then you start saying why is this valued at so much when they had just Lemphane, but yet you but into CEB that has no assets valued at £8mil.
the price has not ticked because there is no volume. Although I do agree this might get a little worse before it gets better, the reason I say that is because since the short attack the life has really been taken out of this one and we still have 1-2 weeks before any news could hit. anywhere around 4.25p-4.5p would make for one heck of a top up opporunity if you believe philip manduca will deliver shortly.
automated trades take the lots on the bid so it gives the impression it has dropped. do a dummy buy you will probably find the price is still around 4.6p
that £10k was a buy bid dropped from a small automated trade.
funding being arranged over next few weeks read RNS
lol hurry up philip get the rns out so this deramper can do one.